Bank Secrecy Act Advisory Group (BSAAG)

The Bank Secrecy Act Advisory Group (BSAAG) is a committee formed to enhance the effectiveness of the Bank Secrecy Act (BSA), a U.S. law aimed at preventing money laundering and financial crimes. BSAAG brings together government officials and private sector representatives to discuss and address challenges related to compliance and reporting under the BSA. By sharing insights and best practices, the group seeks to improve collaboration and streamline processes, ultimately strengthening the financial system's integrity and security against criminal activities.